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ZERO COUPON BONDS

Income Tax - Tax Liability in special Circumstances / Specific Cases - 15 - MEANING OF As per Section 2(48), Zero coupon bond means a bond- Issued by any infrastructure capital company or infrastructure capital fund or public sector company or schedu .....

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notifies in the Official Gazette. TAX TREATMENT IN THE HANDS OF INVESTOR Maturity/Redemption of will amount to transfer under section 2(47) (iva). If period of holding is more than 12 months, such bonds would be long-term capital asset under section .....

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investments. Long-term zero coupon maturity dates start at ten to fifteen years. Short-term generally have maturities of less than one year and are called bills TAX TREATMENT IN THE HANDS OF COMPANY ISSUING SUCH BONDS Discount is deductible on pro ra .....

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